MBS RECAP: Wage Growth Breakout Prompts Bond Yield Breakout

Home / Blog / MBS RECAP: Wage Growth Breakout Prompts Bond Yield Breakout

Posted To: MBS Commentary

Today's bond market wrap is as simple as the headline. Average hourly earnings or AHE is occasionally responsible for some impressive moves in bonds. Today was one of those days. Part of the problem was that there wasn't really any weakness in the payrolls number to offset the wage gains. Granted, previous months had some downward revisions, but the biggest one was all the way back in June. July's revision was then perfectly offset by August's 'beat' (i.e. -10k revision to last month and today's NFP beat the forecast by 10k). All that to say that there was some extra focus reserved for any other standout line items in the data. Average hourly earnings stood out because August's numbers took the annual numbers past an important ceiling, 2.9% vs 2.8%. We've...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.



Source: http://www.mortgagen...

c7178fd6 06fb 418e b41f 8a74f35ae17e 18f61487 c570 47de 8dc0 16f649ed6684 68477e41 c1ed 407c 8471 a78d88391af8 3dd03df2 2edb 4273 a0cb 859fc1041ce2 74e7b70f 5811 4121 98e4 6c5fadb4737b 093ed6b1 f3b9 425b a185 120c9e0b6b5b 7c29b0fb 3b3a 4bd8 aa59 c1cafad60b1a 6bbe896c 59a3 43e7 b54a 9aa6b1d45e52 94fcfeaa db15 4523 8226 736495b5c86c 66e99885 039b 4381 ba3e 52994707ffb5 e433a76e a766 47dd 89b5 58db0ddd42a8 da72049f 8858 49e0 8b70 46dc18aac496 26633f1e eefe 4f69 893f 4a34ae25077f d6da90d2 0fc4 4e8e 8572 e4e18aad8949 494b0075 f792 4fdc a6f6 e76405f48311 89fe4843 3f5a 42dd 87b0 29a307304f46 fb2e60c0 854e 43d0 9b78 9012a00ba5f7 456e805b 937a 4df1 98f9 52138bc27517 e13b6a1f a1f0 4c00 861c 5b001695e1f7 e1bc0acf fdf5 41b3 9054 0dea7ac11746 3b396eed cbb4 4110 9a49 22cf2dea5db6 462f93e7 01af 45b2 8b70 5af90da299f4 4565f646 96a8 473f b230 6349c62ca9bf